Whitaker Myers Wealth Managers LTD. Sells 463 Shares of Netflix, Inc. $NFLX

Whitaker Myers Wealth Managers LTD. trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 45.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 550 shares of the Internet television network’s stock after selling 463 shares during the period. Whitaker Myers Wealth Managers LTD.’s holdings in Netflix were worth $737,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Resurgent Financial Advisors LLC grew its holdings in Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock valued at $942,000 after purchasing an additional 708 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Netflix by 42.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after purchasing an additional 130,946 shares during the period. PharVision Advisers LLC bought a new position in Netflix during the fourth quarter valued at $873,000. New England Research & Management Inc. grew its holdings in Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock valued at $1,979,000 after purchasing an additional 1,268 shares during the period. Finally, Westbourne Investments Inc. grew its holdings in Netflix by 107.9% during the first quarter. Westbourne Investments Inc. now owns 2,408 shares of the Internet television network’s stock valued at $2,246,000 after purchasing an additional 1,250 shares during the period. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. The Goldman Sachs Group increased their price objective on Netflix from $1,000.00 to $1,140.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Robert W. Baird raised their price target on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Morgan Stanley reaffirmed an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a report on Tuesday, July 15th. Finally, Wall Street Zen raised Netflix from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,317.58.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the sale, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,457,842.16. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock valued at $109,498,489 in the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Price Performance

NASDAQ:NFLX opened at $1,188.44 on Friday. The firm has a market capitalization of $505.00 billion, a price-to-earnings ratio of 50.64, a P/E/G ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The stock has a fifty day moving average of $1,218.15 and a 200 day moving average of $1,132.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.